Cryptocurrency popularity soars continues in India

The unprecedented rise of cryptocurrency in India provided a gateway to unforeseen opportunities in the ever-expanding field of virtual currencies.

India: The unprecedented rise of cryptocurrency in India provided a gateway to unforeseen opportunities in the ever-expanding field of virtual currencies. It has been estimated that 10% of all bitcoin transactions are carried out in the India. Despite the government’s unequivocal stance, the enthusiasm among citizens remains unabated. Bitcoin and other cryptocurrencies have been operational in India for years now, but perhaps the implementation of ‘demonetization’ in November 2016 was a turning point. It was during this phase that many enthusiasts began to embrace the digital currency wave with vigour. Digital currencies offer much needed respite from the various threats that persist in the use of fiat currencies. Anonymity, swift transactions, transparency etc. are just some aspects that seem to appeal to the masses. But its decentralized nature is in fact its biggest USP. Virtual currencies empower the user by giving them full control of their funds by eliminating the need for a bank or regulatory authority to step in. Additionally, cryptocurrencies also possess a higher monetary value than regular currencies: the price of bitcoin rose by almost 1500% between January and December 2017. Another feather in its hat is its global acceptance; people anywhere in the world can trade bitcoin on the web, without having to pay hefty transaction costs. As more and more people continue to embark on their journey into trading digital currency, the need for a platform that facilitates relevant services becomes crucial. Bitfort is one such portal where users can trade bitcoin, ethereum and ripple through cryptocurrency wallets. Armed with a sophisticated support system, lightning-quick transactions and hassle-free account activation, Bitfort represents a one-of-a-kind virtual currency exchange.

To know more, visit: https://thebitfort.com/

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